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From compliance to protection: How cloud computing ensures data security for businesses

The Statesman

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December 28, 2024

Today, data has become the foundation of modern businesses. Whether it's about consumer insights, diverse operations, or financial records, data drives decision-making and innovation.

- Chintan Parikh

From compliance to protection: How cloud computing ensures data security for businesses

As a result, it becomes important for organisations to protect their stored data. This is where cloud storage solutions come into play, transforming how organisations store, access, and safeguard critical data.

Cloud storage, with its exceptional ease, scalability, and mobility, has transformed the traditional paradigm of physical storage devices. With cloud storage, people and businesses can effortlessly work across multiple locations and devices on data with an internet connection. Furthermore, cloud storage providers prioritise data security, employing an effective architecture, encryption technologies and access restrictions to protect data from unauthorised access and maintain its confidentiality. Consequently, the Indian cloud storage market size is projected to reach USD 7.89 billion by 2031, growing at a CAGR of 17.38 per cent.

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